Loan Amortization Calculator

An amortization schedule reveals the specific dollar amount put towards interest, as well as the specific put towards the Principal balance, with each payment. Initially, a large portion of each payment is devoted to interest. As the loan matures, larger portions go towards paying down the principal. The first payment is assumed to take place one full payment period [one month] after the loan was taken out, not on the first day of the loan. The last payment completely pays off the remainder of the loan, often the last payment will be a slightly different amount than all earlier payments. In addition to breaking down each payment into interest and principal portions, the amortization schedule also reveals interest-paid-to-date, principal-paid-to-date, and the remaining principal balance on each payment date.

There are a few crucial points worth noting when obtaining a mortgage for a home with an amortized loan. First, there is substantial allocation of the monthly payments toward the interest, especially during the first years of the mortgage. You will notice that the first payment allocates about 90% of the total payment towards interest and only about 10% toward the principal balance. Not until much later payments into the loan does the payment allocation towards principal and interest even out and subsequently tip the majority of the monthly payment toward Principal balance pay down.

Magnificent three-bedroom penthouse condominium situated on the 9th floor in Harbour House Towers overlooking Port Lucaya Marina and Market Place with fabulous panoramic views of the ocean and canal. This unit has been beautifully decorated, with granite countertops in the kitchen and custom cabinetry, tiled floors throughout, and hurricane accordion shutters on every single window. The dining room, along with the living room, is very large and spacious, giving you lots of room to relax and enjoy the views. The master bedroom and bedrooms have their own balconies for privacy. A must-see to appreciate!

Does the property come furnished? This unit is being sold unfurnished; however, a furniture package may be negotiable upon request.

What are the benefits of property ownership in Harbour House Towers, Lucaya, Grand Bahama? Harbour House Towers is a highly desirable high-rise condominium in Lucaya, just a few minutes' walk to Port Lucaya, grocery store, shopping, beaches, restaurants, and Casino. The building has a fantastic swimming pool, ample dockage, private gymnasium, on-site property management, and nighttime security.

Condominium fees include water, hurricane insurance, pool building and grounds maintenance, property management for the complex, sanitation and security.